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The defect rate for data entry of insurance claims 1.5%. What if the sample size used were 50, with 3 sigma? What if the sample size used were 100, with 2 sigma? What if the sample size used were 50, with 2 sigma? What happens to sigma ^p when the sample size is larger? Explain why the lower control limit cannot be less than 0.
If the probability of making a two point shot is greater than the probability of making a three point shot, why do coaches allow some players to shoot the three point shot if they have the opportunity? Use expected value to explain your answer.
Compare these with the percentages specified by Tchebysheff's Theorem.
Chlorine concentration in a municipal water supply is a uniformly distributed random variable that ranges between 0.74 ppm and 0.98 ppm.
Plot fitted values against residuals. Does this plot point out any problems with homoscedasticity?
Tourism is one consideration for CoffeeTime's future, A survey of 1,233 visitors to mumbai last year revealed that 110 visited a small cafe during their visit.
assume that you are testing ho p .5 vs. ha p gt .5 and that based on the collected data the p-value of the test is
harry phelps owner of harrys clothing cupboard is considering a move from downtown to a new shopping mall. because he
Let x be the random variable that denotes the net amount a playr wins by playing this lottery. Write the probablity distribution of x. Determine the mean and standard deviation of x. How will you interpret the values of the mean and standard devia..
If we repeated this procedure many, many times, only 5 percent of the 95 percent confidence intervals would fail to include the mean Math SAT score of the population of all students at this college.
components used in a cellular telephone are manufactured with nominal dimension of 0.3 mm and lower and upper
1 the average score for male golfers is 95 and the average score for female golfers is 106 golf digest april 2006.
It is really frustrating to run out of stock. Why wouldn't an organization always store large quantities of inventory to eliminate shortages and stockouts?
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